Russian central bank to initiate digital ruble pilot
The central bank of Russia has revealed it is planning to begin a pilot test for a digital ruble with 12 of the country’s top banks.
How Rishi Sunak’s budget will impact SMEs in the FinTech sector
Delivering his second budget as the chancellor of the exchequer, Rishi Sunak promised to do "whatever it takes" to protect the UK economy from the aftereffects of Covid-19.
Neobank albo secures $45m round
Mexican challenger bank albo has secured $45m as plans on becoming the nation's answer to Chime.
Ethical hacking platform Cobalt bags $29m
Danish cybersecurity startup Cobalt has secured $29m in a Series B round to fund the further expansion of its services.
M1 Finance nets $33m in new round
Automated money management platform M1 Finance has bagged $33m in a Series B funding round led by Left Lane Capital, a growth equity firm.
Siemens enlists the services of Swedish security software company Safeture in $840,000 deal
German company Siemens has tapped Safetures to use its enterprise platform to protect its employees and corporate travellers.
Klarna global revenue jumped by 31% in the last year
Swedish Klarna became Europe most valuable private FinTech unicorn in 2019 and has kept on growing since.
Google and Alphabet CEO calls for more AI regulation
Sundar Pichai, CEO of Google and Alphabet, believes artificial intelligence (AI) must be regulated to avoid bad outcomes.
Why investors hate startups that do these things
Being backed by a successful venture capital firm can make or break a FinTech startup. So, we asked Karen McCormick, chief investment officer at Beringea, what new ventures must do to pique investors interest.
ACI Worldwide announces new tools to comply with upcoming strong customer authentication rules
Florida-based ACI Worldwide is releasing a new suite of tools to ensure businesses are prepared for the final parts of the EU Revised Payment Service Directive (PSD2) snapping into action in September.